FBK Markets Information

FBK Markets is an unregulated broker incorporated in South Africa. It's a marketplace for forex trading. Traders on this platform get access to the MetaTrader 4 as well as market instruments including forex, indices, commodities, and bonds. With a low minimum deposit of R120 and low spreads, FBK Markets enables traders to access significant market positions even with a smaller initial investment. Though FBK Markets does not provide its service to US residents.

Pros & Cons

Is FBK Markets Legit?

No. FBK Markets is not a regulated platform. Its FSCA license is suspected to be a fake clone.

Regulated Country	Regulated Authority	Regulatory Status	Regulated Entity	License Type	License Number
	Financial Sector Conduct Authority	Suspicious Clone	RCG MARKETS (PTY) LTD	Financial Service Corporate	49769

What Can I Trade on FBK Markets?

This platform accerts to provide markets instruments includes indices, commodities, bonds, and forex.

Account Types/Fees

FBK Markets offers a range of account types to cater to traders with different trading needs. The available account types include Standard, Zero Spread, Bonus 100, ECN, and Micro accounts, with different features such as spreads, commissions, and minimum deposit requirements. The base currencies available for all account types are ZAR, USD, and GBP.

Leverage

FBK Markets provides flexible leverage options ranging from 1:100 to 1:1000, which allows traders to customize their risk exposure based on their trading strategy.

Trading Platform

Traders on FBK Markets get access to MetaTrader 4, which is available on multiple devices. MetaTrader 4 (MT4) is a popular electronic trading platform, mainly used for online forex trading. It's favored by retail traders for its intuitive interface, powerful charting tools, and automated trading features.

Deposit and Withdrawal

FBK Markets accepts a variety of ways to deposit and withdraw clients' money, including Ozow, Skrill, Mastercard, and Visa.

However, they still charge money for deposits and withdrawals. To be noted, they do not specify the exact cost amount on the website, but FBK Markets claims to reserve the right to impose deposit and withdrawal fees as well as limits in their system at any given time.

BP Prime Information

BP Prime is the trading name of Black Pearl Securities Limited, a brokerage company who was established in 2013 and deals in forex, commodities and indices tradings for both retail and professional clients. The minimum deposit requirement is pretty high from $5,000 or equivalent. A demo account and the availability of MT5 platform enhances customer experiences. While for institutional clients, the broker offers bespoke liquidity and technology solutions as well.

Furthermore, the broker currently operates under decent regulation from FCA, which to some extent guarantees customer protection and compliance to industry standard set by the institution.

Nevertheless, there are 5 pieces of WikiFX exposure to withdrawal issues, which indicates the necessity of service improvements of this broker. You should pay attention to this.

Pros and Cons

Is BP Prime Legit?

BP Prime is currently regulated by FCA (Financial Conduct Authority) in United Kingdom, with a license numbering at 688456, which guarantees legitimacy and credibility in a certain level.

Regulated Country	Regulator	Current Status	Regulated Entity	License Type	License No.
	FCA	Regulated	Black Pearl Securities Limited	Straight Through Processing (STP)	688456

What Can I Trade on BP Prime?

BP Prime offers trading services in forex, commodities and indices for both retail and professional clients. While for institutional clients, customized liquidity and technology solutions are available to help companies to grow and develop their business scope and scale.

Account Type/Fees

BP Prime offers demo accounts for clients to practice and test trading strategies.

While for live accounts, the broker offers a Standard accountfor retail clients with a high minimum deposit of $5,000 or equivalent. In this account, the broker charges no commissions for trading, and claims competitive spread, but with no details.

Professional clients, on the other hand, are provided with a Professional account with higher leverage but less protection. To be eligible to open a professional account, you need to place 10 relavant trades of a significant size per quarter in last year, own a financial instrument portfolio exceeding $500,000, and have worked in the financial sector for at least one year.

Leverage

BP Prime offersa leverage level of up to 1:30 for some currency pairs in the Standard account, which means you can control a larger position of 30 times of your initial deposit.

Professional accounts have higher leverage, but are not currently disclosed per the broker's website. You need to check with the company directly to get precise information.

Moreover, you should always be very prudent to use such tool since leverage not only amplify profits, but losses will be augmented at same level as well.

Trading Platform

Victory indicates the use of the industry-leading MetaTrader 5 platform through web, which allows you to trade anywhere on the go.

The MT5 platform is renowned and recognized worldwidely for their advanced charting tools and robust functionalitiess such automated transaction execution.